this post was submitted on 19 Dec 2023
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This is the best summary I could come up with:
Google has agreed to pay $700 million and will make changes to its app store it has resisted for years in order to resolve a an antitrust lawsuit brought by state attorneys general, the company announced on Monday.
"We're pleased to resolve our case with the states and move forward on a settlement," Wilson White, Google vice president of government affairs and public policy, said in a company blog post.
While states announced a settlement with Google back in September, the details were unknown until the company publicly revealed the terms of the agreement on Monday.
A federal judge will hold hearings in January about what changes Google must make in order to remedy the anti-trust issues raised in court at the trial.
On iPhones, Apple operates an app store under terms similar to Google, and it, too, has been the target of scrutiny in lawsuits and by policymakers.
Among them, a case brought by the Justice Department centered on Google allegedly breaking the law in maintaining its dominance of online search and advertising.
The original article contains 568 words, the summary contains 174 words. Saved 69%. I'm a bot and I'm open source!
So what is that? What they earn in a day running the app store?
Did some searching.
In 2021, the Apple App Store reportedly reached around 85 billion U.S. dollars in revenues from global consumers worldwide.
Wrong app store
My bad, Google are only at 47 billion.
So averaged out, this settlement would be about 5-6 days of revenue.